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4 <br /> HOMELESS ASSISTANCE CENTER, INC. <br /> Statement of Cash Flows <br /> Year ended June 30 , 2002 <br /> (with summarized information for the year ended June 30 , 2001 ) <br /> 2002 2001 <br /> Cash flows from operating activities : <br /> Change in net assets $ (463567) 934 , 928 <br /> Adjustments to reconcile change in net assets to net cash <br /> provided by operating activities : <br /> Contributions restricted for long-term investment (50 , 568 ) ( 110055603 ) <br /> Leasehold interest rental expense 525684 285007 <br /> Depreciation expense 165687 65565 <br /> Loss on disposal of assets 678 782 <br /> Transfer of leasehold interests 661 , 977 — <br /> (Increase) decrease in accounts receivable (26 , 737) 57 , 346 <br /> (Increase) decrease in prepaid insurance 33947 (3 , 618) <br /> (Increase) decrease in other assets 217 (23088 ) <br /> Increase in accounts payable and accrued expenses 14 , 855 35788 <br /> Increase in due to clients 11790 21667 <br /> Net cash provided by operating activities 628 , 963 22, 774 <br /> Cash flows from investing activities : <br /> Increase in assets restricted to investment in building fund (246 , 632) (423353 ) <br /> Purchase of fixed assets (348 , 906) (292 ,081 ) <br /> Net cash used by investing activities595 538 ) (334 ,434) <br /> Cash flows from financing activities : <br /> Proceeds from restricted contributions — 345 , 892 <br /> Advances from line of credit 20 ,000 203000 <br /> Repayments of line of credit — (20 ,000) <br /> Repayments of long-term debt ( 1 , 766) — <br /> Net cash provided by financing activities 18 , 234 345 , 892 <br /> Net increase in cash and cash equivalents 51 , 659 34 ,232 <br /> Cash and cash equivalents at beginning of year 64 ,401 30 , 169 <br /> Cash and cash equivalents at end of year $ 116 , 060 64 ,401 <br /> Supplemental data: <br /> Non cash investing and financing activities : <br /> Gift of leasehold interest $ — 659 , 711 <br /> Fixed assets acquired with long-term debt $ 24 , 877 — <br /> Interest paid $ 2 , 118 906 <br /> See accompanying notes to financial statements , <br />